RENTED DEC 10, 2025

502 E Olive Ave Monrovia, CA 91016

Estimated Value: $1,029,000 - $2,538,192

3 Beds
2.5 Baths
1,388 Sq Ft
$1,401/Sq Ft Est. Value

Highlights

  • Private Yard
  • No HOA
  • Laundry Room
  • Clifton Middle School Rated A-
  • 2 Car Attached Garage
  • 4-minute walk to Recreation Park

About This Home

As of December 2025

NEW PAINT & WOOD FLOORS! Beautiful 2007 built home in a great location of Monrovia, close to Old Town Monrovia, many restaurants and shops nearby. This 2 story home features new hardwood floors, spacious family room & dining area. 3 bedrooms, 2.5 baths. There is a nice sized private yard to be enjoyed. 2 car attached garage, central air conditioning/heating, burglar alarm system, central AC, laundry hookups, convenient access to 210 freeways, & much more!

Last Agent to Rent the Property

Janet Chan

Advanta Properties, Inc Brokerage Phone: 626-524-2902 License #01818618 Listed on: 09/30/2025

Last Renter's Agent

Janet Chan

Advanta Properties, Inc Brokerage Phone: 626-524-2902 License #01818618 Listed on: 09/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,388 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $3,800
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 6/24/20
  • Tax Lot 25
  • Tax Tract Number 6209
  • Assessor Parcel Number 8517014003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • Pet Deposit $500
  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2020-06-24
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 3800
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 8517014003
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1388.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2.67
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 11842.00
  • Lot Size Acres: 0.2719

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 11842.0000 Square Feet
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Rent Includes: Gardener

Tax Info

  • Tax Lot: 25
  • Tax Tract Number: 06209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2017
Sold by
Chan Philip Kwan Yui and Lau Pui Kwan
Bought by
Chan Philip Kwan Yui
Current Estimated Value
$1,931,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Outstanding Balance
$400,839
Interest Rate
3.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,543,959

Purchase Details

Closed on
Jun 20, 2007
Sold by
Chan Philip Kwan Yui and Chan Phillip Kwan Yui
Bought by
Chan Philip Kwan Yui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 21, 2005
Sold by
Fu Gary Wai Chiu
Bought by
Chan Phillip Kwan Yui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,600
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2004
Sold by
Lau Rebecca Cheuk Ying
Bought by
Fu Gary Wai Chiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2004
Sold by
Loera Carmen S
Bought by
Fu Gary Wai Chiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chan Philip Kwan Yui -- Fidelity National Title Co
Chan Philip Kwan Yui -- First American Title
Chan Phillip Kwan Yui $397,000 Southland Title Company
Fu Gary Wai Chiu -- Lawyers Title
Fu Gary Wai Chiu $399,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Philip Kwan Yui $484,000
Closed Chan Philip Kwan Yui $515,000
Closed Chan Phillip Kwan Yui $317,600
Previous Owner Fu Gary Wai Chiu $199,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2025 12/10/25 Rented $3,700 0.0% --
11/12/2025 11/12/25 Price Changed $3,700 -2.6% $3 / Sq Ft
09/30/2025 09/30/25 For Rent $3,800 +28.8% --
11/02/2019 11/02/19 Rented $2,950 0.0% --
11/01/2019 11/01/19 Under Contract -- -- --
10/25/2019 10/25/19 For Rent $2,950 +20.4% --
08/06/2015 08/06/15 Rented $2,450 0.0% --
08/06/2015 08/06/15 For Rent $2,450 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,423 $1,516,008 $553,375 $962,633
2024 $20,423 $1,486,283 $542,525 $943,758
2023 $18,121 $1,316,641 $531,888 $784,753
2022 $17,599 $1,290,825 $521,459 $769,366
2021 $17,245 $1,265,516 $511,235 $754,281
2020 $16,720 $1,252,540 $505,993 $746,547
2019 $16,426 $1,227,981 $496,072 $731,909
2018 $16,038 $1,203,904 $486,346 $717,558
2016 $15,405 $1,157,157 $467,461 $689,696
2015 $15,070 $1,139,777 $460,440 $679,337
2014 $14,918 $1,117,451 $451,421 $666,030
Source: Public Records

Agents Affiliated with this Home

  • Janet Chan

    Landlord's Agent in 2025

    Janet Chan

    Advanta Properties, Inc

    (626) 538-7423

    10 in this area

    36 Total Sales

    Janet Chan
    Section Image
  • Martin Herrera

    Buyer's Agent in 2019

    Martin Herrera

    CA Flat Fee Listings, Inc

    (626) 340-1866

    1 in this area

    10 Total Sales

    Martin Herrera
    Section Image
  • ELAINE LAU

    Buyer's Agent in 2015

    ELAINE LAU

    Corpen Real Estate Group

    (626) 320-4505

    1 in this area

    25 Total Sales

    ELAINE LAU
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25229058

California Regional Multiple Listing Service (CRMLS)

APN: 8517-014-003

California Los Angeles County Monrovia 91016

502 E Olive Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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